Certainly one of blockchain gaming’s most outstanding initiatives since its 2018 reveal, The Sandbox has quite a few causes to rejoice as we’re approaching the top of 2024.
Though having gone by way of a quieter part in comparison with its early days, the discharge of its alpha season 4 in October appears to have sparked extra noise and anticipation across the Roblox-like web3 sport platform. Within the first two weeks alpha season 4 garnered 276,000 distinctive customers, of which 30,000 purchased $5 alpha passes with a purpose to enhance their rewards.
Nevertheless it was 5 years in the past that The Sandbox dropped its first LAND sale, which have since been a daily staple in several varieties relying on the platform’s newest model collaborations. Seeing accumulating gross sales quantity, 80% of all LAND plots on the map have now been bought, additionally driving up the general market capitalization of the map to over $1 billion.
When it comes to complete buying and selling quantity, the LAND NFTs have generated 138,461 ETH ($481 million) on secondary NFT market OpenSea.
For customers inquisitive about grabbing a plot, the ground value at the moment sits at 0.13 ETH ($452).
In associated information, however for no obvious motive apart from crypto’s common constructive sentiment, The Sandbox’s SAND token value has elevated sharply over the past 30 days. Up 211%, the present value is $0.77.
Though a 79% year-to-date improve, the value has dropped 91% since its all-time-high of $8.40 three years in the past. It at the moment ranks #70 of all tokens.
Persevering with to increase with new model collaborations and experiences, The Sandbox has additionally taken some vital steps when it comes to broader ecosystem enlargement all through 2024.
Its SAND token built-in assist for a number of blockchains, together with BNB, Base, and Polygon, constructing stronger connections and interoperability throughout networks. In Might, the developer additionally launched The Sandbox DAO, permitting its group of SAND and LAND holders better affect by delegating decision-making on issues referring to SAND and LAND property, its reward system, and extra. Reaching one other vital milestone, in March The Sandbox introduced it had seen over 1,000 UGC experiences revealed within the map.
Getting ever nearer to its full launch, The Sandbox is working in the direction of a cell launch along with its present PC model, though no launch date has but been confirmed.
